Price Level of Exports for Latvia
PLXCPPLVA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
5.16%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Exports for Latvia measures the relative price changes of goods and services exported from Latvia. It is an important indicator for analyzing Latvia's international trade competitiveness and export performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Price Level of Exports for Latvia is an index that tracks the changes in export prices over time, providing insights into Latvia's cost-competitiveness in global markets. It is used by economists, policymakers, and businesses to understand the country's export dynamics and broader economic trends.
Methodology
The data is collected and calculated by the Latvian Central Statistical Bureau based on a comprehensive survey of export transactions.
Historical Context
This trend is closely monitored by the Latvian government and the European Union to inform trade, fiscal, and monetary policies.
Key Facts
- Latvia is a small, open economy heavily reliant on exports.
- Export prices directly impact Latvia's international trade balance.
- The Price Level of Exports has implications for Latvia's inflation and GDP growth.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Latvia measures the relative changes in the prices of goods and services exported from Latvia over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Latvia's export competitiveness and cost structure, which are crucial factors for its international trade performance and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Latvian Central Statistical Bureau based on a comprehensive survey of export transactions.
Q: How is this trend used in economic policy?
A: The Price Level of Exports for Latvia is closely monitored by the Latvian government and the European Union to inform trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some time lags in reporting due to the comprehensive data collection process.
Related Trends
Price Level of the Capital Stock for Turkey
PLKCPPTRA670NRUG
Price Level of Household Consumption for Turkey
PLCCPPTRA670NRUG
Price Level of Household Consumption for Ghana
PLCCPPGHA670NRUG
Price Level of Imports for Madagascar
PLMCPPMGA670NRUG
Price Level of Capital Formation for Montenegro
PLICPPMEA670NRUG
Price Level of the Capital Stock for Malaysia
PLKCPPMYA670NRUG
Citation
U.S. Federal Reserve, Price Level of Exports for Latvia (PLXCPPLVA670NRUG), retrieved from FRED.